Real Estate Regulatory Authority (Rera) is planning to introduce new regulations that will strengthen transparency and boost investor confidence in the coming months, a top official said.

Senior officials at Rera are studying 27 projects that could potentially be cancelled in light of the strained real property market in Dubai. Some projects are simply not feasible and some investors who are strapped for cash are now wanting to get out of their contracts.

Marwan Bin Galita, Chief Executive of Rera, said all projects under review are third party, therefore master-developed projects are not on the list. Under Law No 9, if a project is cancelled by the Land Department, all investors in that project will get a 100 per cent refund.